Mid Atlantic Real Estate Journal — January 11 - 24, 2013 — 23A
www.marejournal.com
Conley, Meisel, Potts, Weir, and Nicholson represent the seller HFF closes $85.6 million sale of Orbital Sciences Campus in Sterling, Virginia
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TERLING, VA — HFF announces that it has closed the sale of the
Hong Kong, Seoul, Singapore and Tokyo. In addition, PREI has representatives in Milan and is establishing a presence in Sydney (pending regulatory approval). As of June 30, 2012, PREI managed approximately $50 billion in gross real estate assets ($33.8 billion net) on behalf of more than 490 clients worldwide. Select Income REIT (SIR) is a real estate investment trust, or REIT, which primar- ily owns properties that are net-leased to single tenants. Approximately half of SIR’s current rents are from land SIR owns in Hawaii, which is leased under long-term leases to tenants, many of whom own buildings and operate their businesses on SIR’s property. The remaining revenues come from single-tenant net-leased office and industrial properties located throughout the United States. n HFF (Holliday Fenoglio
fitness center, basketball court and numerous running and biking trails. The HFF investment sales team representing the seller was led by executive manag- ing director Stephen Conley , senior managing directors Jim Meisel , Dek Potts and Andrew Weir and senior real estate analyst Matt Nichol- son . PREI® is a leader in the global real estate investment management business, offering a broad range of investment vehicles that invest in private and public market opportu- nities in the United States, Europe, the Middle East, Asia, Australia and Latin America. Headquartered in Madison, New Jersey, PREI has offices in Atlanta, Chicago, Miami, New York, San Francisco, London, Lisbon, Luxembourg, Munich, Paris, Istanbul, Abu Dhabi, Mexico City, Rio de Janeiro, Sao Paulo, Beijing,
Orbital Sciences Campus, a three-building, 337,228 s/f, Class A office complex located in Sterling, VA. HFF marketed the property on behalf of the seller, a fund advised by Prudential Real Estate Investors (PREI) . Se- lect Income REIT purchased the asset for $85.6 million free and clear of existing debt. The property is situated at the intersection of Warp Drive and Route 28 North approxi- mately 29 miles northwest of Washington, D.C. and four miles north of Washington Dulles International Airport. Completed in 2001, the prop- erty is 100 percent leased on a long-term basis to Or- bital Sciences Corporation and serves as the company’s global headquarters. On-site ameni- ties include an outdoor patio, conference facilities, cafeteria, COLUMBIA, MD — Col- liers International in Bal- timore, a full-service com- mercial real estate firm, brokered the sales of a psy- chiatric rehabilitation facil- ity at 9030 Route 108 in Columbia for $3.68 million and a warehouse and office building at 6317 Macaw Court in Elkridge, Md., for $3.1 million. “Colliers International in Baltimore brings a breadth and depth of local market knowledge in investment sales and capital markets in Howard County,” said Rob Freedman of Colliers | Baltimore. “We’re on the ground in Howard County representing buyers and sell- ers of properties.” Way Station Inc. in How- ard County, an affiliate of the Sheppard & Enoch Pratt Health System, bought the single-story 28,750 s/f psy- chiatric rehabilitation facility from RREEF Real Estate.
Orbital Sciences Campus
Colliers brokers $3.68 million Columbia, MD rehabilitation bldg.
Marcus & Millichap sells Lexington Apts. for $3.6m
9030 Route 108 in Columbia
8105 Tahona Drive
Prior to the sale, Way Sta- tion had been leasing the property for more than 10 years. Freedman and Lind- say Summerfield of Colliers | Baltimore represented RREEF, while Vince Bro- cato of Colliers | Baltimore represented Way Station. TKWChesapeake Prop- erties LLC bought the sin- gle-story 12,000 s/f ware- house and office building fromMacaw Court LLC. The sale includes the building’s 7- acre property, which includes
a 3-acre fenced-in yard for outside storage. Dave Dan- nenfelser and James Sil- fee of Colliers | Baltimore represented Macaw Court LLC, while Pat Dougal of Pat Dougal and Associ- ates represented TKWChes- apeake Properties LLC. “The property at Macaw Court attracted buyers with its outside storage area, which allows for storing large equipment, scaffold- ing and pipes among other possibilities,” Dannenfelser
SILVER SPRING, MD — Marcus & Millichap Real Estate Investment Services , the nation’s larg- est real estate investment services firm, announces the sale of the Lexington Apart- ments, a 55 unit Apart- ment property located in the Langley Park neighbor- hood of Silver Spring, MD, according to Bryn D. Mer- rey , vice president/regional manager of the firm’s Wash- ington, D.C. office. The asset
commanded a sale price of $3,600,000. David Weber , vice presi- dent of Investments at Mar- cus & Millichap’s Wash- ington, D.C. office, had the exclusive listing to market the property on behalf of the seller, a private owner. The buyer, a private investor, was secured and represent- ed by David Weber, a vice president of Investments in Marcus &Millichap’s Wash- ington, D.C. office. n
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